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Wheaton Precious Metals Corp. (WPM)
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Agnico Eagle Mines Limited (AEM)
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Prophecy Potash Corp - Ordinary Shares (NUGT)
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Westgold Resources Limited Ordinary shares (WGX)
Q: Currentlly my portfolio in gold consists of 3 holdings. They are :
AEM - YTD + 20%, 1 YR + 90%
NUGT - YTD + 34% 1YR + 67%
WGX - YTD - 8% N/A
As you can see the weed in the portfolio is wgx.
Question to you is when I prune WGX out of the portfolio should I just put that money into the other 2 holdings or should I add a third that is an elite performer.
What would be the best from a portfolio management perspective and if you decided to add a third what would it be?
Sheldon
PS Don't worry about NUGT I know the ins and out and have made lots of money on these leveraged ETF's like NUGT, QLD, NAIL, etc
Thanks
AEM - YTD + 20%, 1 YR + 90%
NUGT - YTD + 34% 1YR + 67%
WGX - YTD - 8% N/A
As you can see the weed in the portfolio is wgx.
Question to you is when I prune WGX out of the portfolio should I just put that money into the other 2 holdings or should I add a third that is an elite performer.
What would be the best from a portfolio management perspective and if you decided to add a third what would it be?
Sheldon
PS Don't worry about NUGT I know the ins and out and have made lots of money on these leveraged ETF's like NUGT, QLD, NAIL, etc
Thanks
5i Research Answer:
While we cannot personalize responses, we continue to like AEM as one of the stronger names in the industry, but for a mix of diversification as well as potential outperformance, we would be comfortable adding WPM to the mix.